July 14th, according to foreign media news, Canadian mining company Barrick Gold (Barrick Gold) said on Thursday that gold and copper production in the second quarter rose month-on-month, and it is still on track to achieve its full-year target.
The company’s preliminary total gold production for the three months ended June 30 was 1.01 million ounces, up 6% from the third quarter but slightly below analysts’ expectations of 1.07 million ounces, Refinitiv data showed.
The increase in gold production was driven by higher production at the Carlin mine in Nevada and a return to normal production levels following the completion of on-site maintenance work. Higher grades obtained at Kibali in the Democratic Republic of the Congo and Veladero in Argentina have boosted production further, the company said. Barrick produced 107 million pounds of copper in the quarter, up 22% from the first quarter, driven by higher output at Zambia’s Lumwana mine.
